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energy security, and then president obama marks 20 years that the united states and the soviet union reduced nuclear weapons. and then deductions that could be part of the negotiations over the so-called fiscal cliff. >> this weekend on c-span3's "american history tv," follow harry truman's eldest son, as they prepared to mark the dropping of the atomic bomb on 1945. >> i know everyone has their own view. i don't want to argue survival. i think we're past that. i want to do what i can to see that this doesn't happen again. >> clifton truman daniel will join us to discuss the inspiration for his trip sunday at 9:00 p.m. eastern on c-span3. >> a report by the group securing america's future energy says the greatest threat to national and economic security is dependence on foreign oil. members of the group, business political and retired military leaders are suggesting a plan of maximizing oil and gas production, reducing consumption, and improving conservation as a way to boost revenue and reduce our debt. this is a little less than an hour and a half. >> good morning, everyone.
the key to u.s. energy independence. a new study says absolutely not. is the controversial outlook right? we'll drill down on that one. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines. stocks look exhausted after a week of fiscal cliff fueled volatility. the major indices swayed between positive and negative territory closing the day mixed. the dow eked out three points, three. while closing out the month of november down half a percent. >>> you know the global economy is in trouble when even taco bell and kfc have trouble making money, right? shares of their parent company yum! brands dove nearly 10% today. the company warned fourth quarter sales in china, their single best market, would likely slide. >>> u.s. consumer spending fell for the first time since may. the 0.2% decline in october partially being blamed on the impact of superstorm sandy. why not. >>> starting off tonight, taxes are the talk of the town and have been for daze. seems like much of the conversation is focused on the wealthy to get them to pay more.
mornings to talk about the wind energy industry and the importance of the trucks tax credit. but before -- and the importance of the production tax credit. before i begin i'd like to associate myself with the majority leader's remarks. we do need to extend the tax cuts for the middle class as soon as possible. that's clearly the message the american people sent on november 6 in the nationwide election that we had. i also want to respond to the comments and the conversation between the two leaders over the debt ceiling limit. it's important to recognize that when we raise the debt ceiling all we are doing is keeping faith with what congress has already appropriated, what congress has already made clear we will spend on behalf of our country and all the various ways that the federal government operates. we cannot afford to have a situation like we had august before last where we dallied and we literally shot our economy and ourselves in the foot by not extending the debt ceiling. we saw one of the rating agencies lower our national rating; first time in history. there is a way to do this
act with all that extra energy. with all that heat, it's energy. you see it manifested in hurricanes. that's one way that the earth transfers energy from one mass to the next. moving all that energy. moving weather is one way it happens. but the agriculture belts will start moving. the economic impact of this is massive. >> maybe that's when we'll wake up. >> we don't want to stop the rising ocean remember that? >> cenk: that's right. let me give you three more facts. to mark's point of what we need to do. let's skip head to b 13 b this is an interesting chart. see the top line we'll show you on the chart. that's where we need to go in order--no, that's not it. you know that's on the screen, i'll tell you about that. that's 3.2%. that's the amount of carbon in the atmosphere more this year than last year. it continues to increase and increase and increase. now you see that chart. >> there's your chart. >> cenk: okay, so now the red line is what we're doing right or what we plan to do to get climate change under control. the line at the very top is if we do nothing at all. this is the
reason. you cannot spend the energy of invention or creativity it. followed by the ipad and so on. people get caught by this. i mean, what can this do? a few years ago, and mobile telephone in a suitcase. today, in your pocket. carrying with them certain baggage of values. imperceptibly, they affect things. there is this culture. ways of thinking, you know? presenting it as an alternative. you do not have to throw away your ipod because you are a follower. you can be as materialistic as you what. being grounded in certain basic -- i do not want to say the turmoil. basic values. being selective about what you take from the exterior world. tavis: these questions are difficult because they are different in different parts of the continent. you are the perfect person to answer this question given your own history. being a political prisoner, etc., etc.. >> the very negative. very pessimistic. let's put it this way. is the continent progressive? no, it is not. there are pockets here and there. you find is one step forward, several steps back. as i said earlier, i never thought we would be so b
this hour including a look ahead to tomorrow's big jobs report, and, next, as the u.s. is set to be energy independent in a not so distant future, one group is working to stop that. i'll break down how government is working to stop oil and gas exploration. that's coming up next. ♪ [ male announcer ] if you're eligible for medicare,e, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? of your part b medical expees. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free dision guide to help you tter understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be le to visit any doctor or hospit that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of pl
is cutting the top rate to 45%. more to ce like should washington sub di size wind energy? more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. hope it doesn't, but i'm going to break it down next. ♪ gerri: i always like to give you the straight poop on everything, and, today, i'm concerned about the fiscal cliff. in the past two days, two very well-connected professional money managers have spoken to me about their trepidation their clients have about the expiration of the bush tax cuts and the cut backs on spending. money is worried, concernend many are selling as you've seen. to read the stories of the press on the fiscal cliff, well, you'd think change is on the horizon just 33 days away, well, it doesn't maer much. in fact, just sit back, relax. the fiscal cliff is not a big deal. i'll quote one here. it's unlikely all of these bad things happen or stay in effect for an extended period of time. pundits call if the fiscal cliff smoke that is, instead o a cliff, the rising support for junking the fiscal approach as confusing and renaming it the austeri
late saturday into sunday. next system most of the energy up to the north, it will slide to the south, high surf good morning! wow. want to start the day with something heart healthy and delicious? you're a talking bee... honey nut cheerios has whole grain oats that can help lower cholesterol. and it tastes good? sure does! right... ♪ wow. delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? be happy. be healthy. >>> good thursday morning. enjoy the dry conditions now because that is going to change. i'm eric thomas. >>> and i'm kristen sze. in palo alto a woman woke to find an intruder in her apartment early this morning. a live look at the scene, hawthorne and high street, you can see the police cars, crime tape all up. police say the woman in her 20s in that apartment was not hurt. she screamed and the man fled. officers searched an eight radius 2:20 this morning with a k-9 unite an area a few blocks from university -- unit, an area a few s from university avenue in the downtown area. they are still on the scene.
in the campaign. koch industries, murray energy. devon energy. is there any chance that reason can speak louder than money? here to help us answer that question is jefferey sachs. he's comeing to us via skype from new york. thank you for joining us in "the war room"." >> thanks for having me again. it's great to be with you. 12,347 >> jennifer: i appreciate your perspective. even on climb changes blockburg when they put it on the cover of the magazine, how can we get our leaders to take action. >> the president has to put forward a plan. it has to not only acknowledge theeverything that your wonderful show has been discussing, the water level the falling of the water level in the mississippi river. the acidification in the ocean the killing of the shell fish, it's real, okay? it's obvious to the scientists. and the dark joke of it is that it's been known scientifically for more than a century. that's not a problem. the deniers are not even the problem. the problem is we don't have a plan. we don't have a strategy. if we had one and if the president didn't take it to a science denyier in congre
as the transpacific partnership. they'll outline their vision for how to supply the country's energy needs after the nuclear disaster in fukushima. and they'll talk about how to defend national security. the official campaign lasts 12 days. voters head to the polls on sunday, december 16th. earlier i spoke with nhk senior commentator masayo nakajima, who has covered countless elections in japan. i asked him what voters are thinking about most. >> voters are thinking first off about whether the democratic party of japan should stay in power. you know, the dpj swept into power in 2009, ending more than half a century of unbroken rule by the leader democrats. its leaders promised a lot as people used to being in opposition often do. they said they would cut government spending. they said they would stop the construction of a multimillion-dollar dam, make expressways toll free. prime minister noda had to come out last month to apologize for all the broken promises. support for his party slumped under his watch. the dpj offered a confused response to the earthquake, tsunami, and nuclear crisis. noda
marc ginsburg. appreciate the update. >>> a major green light from the energy department for oil and gas. believe it or not, it calls for more drilling here, more exports of our own resources, drill, drill, drill. we will have the details next up. and don't forget, free market capitalism is the best path to prosperity. just look at the energy industry, what is happening there, if government would just take its paws off it. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. sponsored report gave a full endorsement that more liquid natural gas exports will help our economy and more shale oil and gas production will make us energy independent. question, will the epa keep its snout out of this great breakthrough energy process? here now to tell us is john hoffmeister. john, what's this t
hasn't worked itself out. there is still a business re-up cycle. and finally energy. i think energy, whether it is big or small, is attractive at this point in time. the u.s. is fighting to have more available energy than we ever thought we had in the last 30 or 40 years. and i think that industry, as it develops, will be profitable for the people in it. >> tom: a little bit of optimism from the desk of wells fargo. john manley with wells fargo funds. >> susie: good news on gas prices: they're falling after spiking because of hurricane sandy. that's welcome relief to many drivers, but it still costs more to fill up your tank now compared to a year ago. erika miller reports from one of the most expensive cities to fill 'er up. >> reporter: here in new york city, the long lines and gas rationing are finally gone, but there's more good news. like the rest of the nation, gas is actually cheaper now than before superstorm sandy. a month ago, superstorm sandy shut down refineries in the northeast, delayed oil shipments and left many gasoline stations without power. in some hard hit areas,
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to be successful in what you're doing. life is short. so we must try to use our energy so that we can get the best possible results. i am so glad the chairman said what he said about sticking with this, addressing it, and we encourage all of you to work with us as we move forward. mr. chairman, i think you. >> i thank the gentleman. now i recognize the former chairman of the full committee. >> let me start off by saying, contrary to what has been stated in the media over the years, i am not against vaccinations. i believe that vaccinations have a very important place in our society. they give us one of the best health regimens in the history of mankind. people live longer and have less diseased because we have vaccinations. what we have always opposed is putting toxic chemicals or medals in the vaccinations. the marisol contains mercury. when i was a boy, we used to have mercury in thermometers. and they said, if you break that thermometer and the mercury gets on your hands, as years went by, that was toxic. in indianapolis, we had a school where, in the chemical laboratory, in the health science
. our road map begins with a $20 billion deal. freeport mcmoran getting into the energy business making two acquisitions. plains exploration and mcmoran exploration. >>> concerns over the u.s. economy as adp misses estimates. the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total
and yoga to burn off energy. they can take non-perishables. it's a traveling camp that serves about 500 kids in the last two years. this camp in particular is tough. >> when we leave it's definitely hard because we are going back to our tv and our couch. this is a production like physically and emotionally. this is one of the hardest camps i've ever done. to be able to maneuver through a disaster and all the organizations on site. it's definitely a challenge. they we hope we can do this every weekend while here. >> although fema has 36 disaster recovery centers set up, many parents are frustrated with the federal government and express concerns to politicians at a new york townhall meeting. >> we go from one to another. we go to fema to homeowners insurance, they offered me $150. what can we do with that? i need to rebuild. >> when you go home and get to celebrate in a nice warm house, i have no electric, i have no heat. i don't even have sewage in the house. but the city comes and does an inspection, it's okay to live in. a joke. you wonder why people are mad. we are the people, the mi
and johnson controls? >> they make essentially energy equipment to make energy efficient . it is pricey and earnings are not coming in strong buy it when it drops below $23. >> i like companies that make thingings. >> but as she mentioned revenues are weak thanks in large part to eure.
essentially energy equipment to make energy efficient . it is pricey and earnings are not coming in strong buy it wh it drops below $. >> i like companies that make thingings. >> but as
. >>> a new report says came's reflewable energy -- came's renewable energy goals could be commission the state's energy plans could be costly because of poor planning and lack of oversight. state law requires california to produce a third of its electricity from solar wind and other renewable sources by the year 2020. this morning, two state lawmakers will unveil new regulation to make california public schools green. the legislation would upgrade the energy efficiency. it is being introduced by nancy skinner of berkeley and state senator of los angeles. the funding would come from the presently -- recently passed proposition 39. >>> well, imagine spending just $30 a week for all of your food. why the mayor of newark, new jersey is doing that starting today. >>> and why health leaders are saying it will be a very bad flu season. but you still have time to protect yourself. >>> stocks edging higher on wall street in early trading as budget talks continue in washington. or raw kim will pay more than $800 million in next year's dividends later this month. joining a growing number of com
to you. [ applause ] >> stephanie: do not have the -- either the energy or the know-how to get into the big box. he clearly had a lot more to say to me. >> he didn't give you a reason why he wanted to get your -- >> stephanie: my nasty [ bleep ] off the air. >> he just ordered you to. >> stephanie: he said he hopes that i do. >> oh. >> stephanie: i hate to disappoint him. i have no plans unless he knows something i don't know. hmm, speaking of wow. speaking of nasty caroline says steph, i can't believe the 38 republican senators who voted against the united nations treaty to protect the rights of the disabled. this is like a christmas carol. there's poor bob dole off his deathbed in a wheelchair -- >> he's been ill yeah. >> stephanie: last week he was reported to be not doing well. >> slapping him on the back. no, we aren't going to vote for it. it is crazy. >> stephanie: a christmas carol. they're so mean. i hope they say hello to the dodo birds. >> they're pushing bob dole over a cliff in his wheelcha
on that and -- >> kimberly: energy efficient. >> dana: i have a complaint about the quality of energy efficient lights. >> kimberly: we'll see you >>> welcome to "red eye." i'm filling in for greg gutfeld who is getting ready for his big appearance at the villages. let's go to andy levy for our pre game report. andy, what's coming up on tonight's show? >> they have a big lunch date on thursday and our allstar panel will weigh in on what they think will happen when bomey meets romney. and why did police tell a woman to take down her christmas lights? the what are on christmas is upon us once again. and finally, did a brazilian hidden camera tv show go too far when it made people think they were trapped in an elevator with a impose girl from -- with a ghost empyreal from hell? some say yes, but -- well, actually everyone says yes. tom? >> thanks, andy. nice sweater/t-shirt combo. >> i enjoy your sweater/shirt/tie combo if that is what it is. >> i met her on a passenger trip after hitting an iceberg. she survived, but i died in the waters of the north atlantic. i am here with jedediah bila. and he and i
to renewable energy. that's totally duible. we can run everything we have right now off existing technology from the wind and the sun and renewable energy. the second thing, it's an incredible economic benefit and economic engine to this area. there are community centers out on the rockaways that have power because greenpeace pulled up with a solar array on the back of a truck and that distributed generated energy helps people. >> eliot: it is unfortunately an event to drive home the reality of what you can do at a moment of distress when you need to find alternative energy sources. you've done that. i want to pivot a little bit. the occupy movement has morphed into something different. it's changed it's imagery and providing real services to real people. is that going to be a continueing transformation? is this a new cause for occupy. >> one would argue that they were a disaster organization when they were dealing with the wall street disaster. but this is a new form of politics and aid. we have such inequality in our society that has to be addressed. when you talk about occupy sandy and o
international. samantha smith is also with us, leader of the world wildlife fund global climate and energy initiative. kumi naidoo, the two of you held a news conference, along with a few others, which got some attention. you are calling on u.s. climate negotiators to step down. why? >> when president obama made his election victory speech, he broke his silence on climate change, what it would do to america's children. he then subsequently said that he wants to be a global leader on climate change, but the position that has been taken by the united states in these talks is business as usual, has not reflected the urgency of what has just happened in the united states through hurricane sandy, the fact that there is massive drought in many parts of the country itself, and huge climate impacts happening in a world elsewhere. the bottom line is, the politics of the negotiation is out of touch with all the science says, and president obama and other political leaders need to recognize, nature does not negotiate. we have to change. sadly, these negotiators are not reflecting that urgency and the
about the cold truth one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. taxes authorities used to seize evidence from warren jeffs. why they are making the move when we continue. so, as we go into this next phase, you know, a big part of it for us is t
and we'd have world peace. it would be great. but it's a waste of time and energy. because we know it's not going to happen. the thing that would be more courageous would be to talk about whether the issues regarding mental health. what should an employer or a teammate do to say i'm worried about him. i think we should do something. we saw this last spring in colorado. 470 murders in chicago this year alone. where was costas on the n.f.l. and talk about that? >> greg: whenever you find gun control you find higher gun crime. when you say they would be -- >> dana: when you say they would be alive if they didn't have a gun, could you say that to the guy by the nanny wielding the knife and tried to kill herself? the same problem. it's a mental health problem and violence problem. it's not the fault of the knife or the gun. >> bob: talk about the violence for a second. clearly, here on -- >> greg: don't worry, i am not going to shoot you. >> bob: you are. >> kimberly: verbally. >> bob: the average life expectancy of n.f.l. player is 53 and 59. average age of white male is 79. 75 to 79. the
gordon brown. to his own personal mission about child labor. a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. have led to an increase intands clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of others. let's get started at capella.edu a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke
larger water heaters are within the scope of the energy policy act and are rated using a thermal efficiency or t.e. rating. the problem facing american manufacturers is that under the current rules of the road only the small water heaters are deemed eligible for the energy star program. this is nonsensical. it's an outdated measure. and disqualifies our large american made water heaters from being covered by the energy star ratings, regardless of how advanced or how highly efficient they may be. . the legislation before us today would provide the necessary regulatory and business certainty that is needed by our manufacturers. this legislation has the potential of adding upwards of 1,000 jobs for domestic water heater manufacturers, many of them are in my home state of tennessee, where there are already 3,000 jobs directly involved in the manufacturing of water heaters. i thank the chairman again. i thank mr. aderholt and i also want to commend the gentleman and i yield back the balance of my time. the speaker pro tempore: the gentlelady yields back the balance of her time. the ge
energy, but it was all privately funded, no subsidies, very small scale, but no subsidies, private throughout. we'll have that man sitting next to me on the set. angry staten island residents lash out at fema, they feel like they've been forgotten. we'll show you that video. illinois has had a huge pension problem, what does it do? created a cartoon snake, squeezy the pension python, and wait until you see this. and may be waiting for a bailout. and it's a big day and i'm sure you've got your comments, keep them coming, varney@foxbusiness.com and seven early movers, yum brand, taco bell, k.f.c. et cetera, et cetera and weak sales, china's economy is slowing and half of yum! brands revenue comes from china and there it goes. then we've the zumiez, the teenage clothing stores, disappointing guidance for the november sales and blames superstorm sandy and five below, the name says it all. everything in the store $5 or less. and posted a profit this time around and is that 8? yeah. ultra salon cosmetics, strong profits, rich women buying makeup. up it goes. whole foods, one of my favori
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is being underwritten by areva, a growing player in renewable energy and nuclear energy. we thank them for their support. as always, we are on the record here. please no live blogging or other means of filing -- to give you some time to think. there is no embargo, but c-span has agreed not to air the video of the breakfast until noon today to give those of you who actually paid to attend the breakfast time to file. finally, if you'd like to ask a question please do the traditional thing and send me a subtle, nonthreatening signal. with that, thanks again from our supporters and viewers. >> he always goes first. the times article was right about one thing -- the debt duo, if you want to know what we are really like, you can imagine sonny and cher. you can imagine which one i am. somebody once asked me, what was it like to be president of a university? i said it is like being ceo of a cemetery. you have lots of people underneath you. i thought i would update you -- yesterday i had a meeting with a group of ceo's that we took in to meet with the white house economic team and i subsequentl
on arrival and he can save time and energy next time by not submitting an obama plan like this to republicans. bottom line is this, it is not serious. they should have no interest, republicans in playing stupid games with the administration. third, republicans need to shine a bright light on the obama proposal to ensure the american people know how insane and ludicrous this is. fourth, republicans need to use the opportunity to pass their own agenda they need to show they are not obstructionists they themselves have a positive, forward-looking agenda they are proud of, eager to take to the country. republicans need to make the case morning, noon and night, that it is obama who seems absolutely determined, for political reasons, to take the country over the fiscal cliff. our first guest is author of victory at yorktown live in virginia as part of his american legacy tour, former presidential candidate, newt gingrich. welcome back. >> good to be with us. interesting times. sean you have a smile on your face. >> sure. >> sean: a lot of our tpraepbs are not happy about in. >> un reasons i write h
states and canada, for that matter are moving towards energy independence, europe and parts of asia are --. melissa: moving towards being more dependent. the problem china is having with the water is something we were suffering from this summer in the drought as well. is there a solution for that coming down the road? is there a way for recycled water for fracking instead of drinking? s seems like somebody would fix that problem? >> again this is part of the environmental concerns and are fantastic being brought to the fore, the industry here in north america is coming greater scrutiny. this technology has been around for 30 years. it is proven to be safe, but the greater the technology the better. keep in mind natural gas well more than $100 a barrel 10 years ago. it is the old addage. high prices are the best cure for high prices. in the past 10 years we brought the technology along where we have this abundance of gas. clearly with the environmental concerns the industry will certainly solve the problem. the profit mode is just too great. melissa: let me ask you about poland. it w
the route to the northwest. >> thank you, mr. speaker. new energy finance demonstrated investment in renewable energy has fallen by a half since this government came to power. would the chancellor not agree with me that what we need is to look to the future and to invest in the green jobs? and to that end, will be see to it, the 2030 decarbonization target in the energy bill -- companies in this country and recommended by the climate change committee? >> well, the first thing i would say is that this government has introduced -- making investmen investments, introducing the carbon price goal which is recognized around the world as a very effective way of ensuring a decarbonization market driven way of our economy, and we've just published an energy bill and to let the control framework that would allow for new renewable investment to the rest of this decade. the industry has that, alongside the cast strategy. on the decarbonization target, as they say we're going to take a power in the bill to set a target but that would be a decision for after the next carbon budget which happens
trial. new pink lemonade 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. >> sean: welcome back to "hannity." moments ago you heard from republican senator saksby chambliss, and with more on predictions for what happens with this fiscal cliff, we have monica crowley and sandra smith. congressman cole says what do we care if we raise taxes on the 2%. seems like the movement is all in one direction. nobody is saying cut the size and scope of the government. >> that's right. president obama for at least two years now, maybe longer, has always been talking about a balanced approach to t deficit. when he talks about balanced approach, he means tax revenue and cutting spending, however the only part of the conve
? energy infrom struastructure di better. it got a d plus. the u.s. is spending money on the electrical grids and power plants. but according to the american society of civil engineers, that falls short billion. so what would the u.s. get for that $100 billion, an extra $11 billion every year. let me tell you, the american society of civil engineers say if you spentd the $11 million, this is a multiplying faeth, you get an extra $55 billion in economic output. it protect 461,000 jobs, generate $73 billion in disposable person income, and create $94 billion in business sales. michael is a senior national correspondent for "time" magazine and the author of "the new deal, the hidden story of change in the obama era." in his book, he argues for increased investment in energy infrastructure. welcome to the show. superstorm sandy lev 7.9 million people without power, some for weeks. you say the elect kctrical grid slowly improving. would any of the changes we're talking about had a different effect on what people in the northeast went through as a result of hurricane sando or are we talking a
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